Looking to diversify beyond FNGLX? The mutual funds below have the lowest correlation with FNGLX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FNGLX.
Best Diversifiers for FNGLX
0 mutual funds have low correlation with FNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FNGLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | FNGLX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FNGLX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FNGLX vs LTTIX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FNGLX vs ISOLX |
See all 71 diversifiers for FNGLX
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